Renters Local

Rental Insights for ZIP Code 29160 (Swansea, SC)

Housing Rentals in ZIP Code 29160 (Swansea, SC)

29160 ZIP Code in South Carolina

A Detailed Snapshot of Renters in the ZIP Code 29160

The 29160 ZIP Code is predominantly located in Swansea, SC in Lexington County. The median housing rent in this region or South Carolina is estimated at $741 per month. Approximately 23.5% of housing units in this Lexington County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 5.1%.

The median rent in ZIP Code 29160 of $741 per month is 17% lower than the aggregate South Carolina median monthly rent of $894, and is 30% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 81.6% of residents in ZIP Code 29160 have a monthly rent payment between $500 and $999. That is 62% higher than in South Carolina overall, in which 50.5% of total state residents pay between $500 and $999 per month for housing. Just 0.6% of renters in ZIP Code 29160 pay between $1,500 and $1,999 for monthly rent.

ZIP Code 29160 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 29160

See the chart below for a comparison of monthly rental costs in ZIP Code 29160, South Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 29160 along with those in the state of South Carolina and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 29160

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 29160 South Carolina U.S.
Less than $500 8.9% 11.1% 9.4%
$500 to $999 81.6% 50.5% 36.2%
$1,000 to $1,499 8.9% 28.1% 30.0%
$1,500 to $1,999 0.6% 7.2% 14.0%
$2,000 to $2,499 0.0% 1.8% 5.6%
$2,500 to $2,999 0.0% 0.7% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 29160

Renters in ZIP Code 29160 use an estimated 30.13% of their income to cover their monthly rent payments. That is about 2% higher than in South Carolina overall. The estimate for South Carolina overall is 29.65% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 29160 renters use about 1% more of their income to cover rent expense. Household income figures for ZIP Code 29160 come in lower than in South Carolina as a whole. The median annual household income in ZIP Code 29160 of $40,943 sits approximately 23% lower than the overall South Carolina median income of $53,199 and approximately 35% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 29160

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 29160, South Carolina, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 29160 along with the same calculations in the state of South Carolina and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 29160

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 29160 South Carolina U.S.
Less than 15.0 percent 18.5% 13.3% 13.1%
15.0 to 19.9 percent 4.8% 13.2% 12.9%
20.0 to 24.9 percent 13.7% 13.1% 12.9%
25.0 to 29.9 percent 7.7% 11.3% 11.6%
30.0 to 34.9 percent 12.6% 9.1% 9.1%
35.0 percent or more 42.7% 40.0% 40.5%

Household Income in ZIP Code 29160

See the table below for the regional comparison of annual household income in ZIP Code 29160.

Income ZIP 29160 South Carolina U.S.
Less than $10,000 10.9% 7.4% 6.0%
$10,000 to $14,999 5.5% 5.1% 4.3%
$15,000 to $24,999 13.9% 10.4% 8.9%
$25,000 to $34,999 16.5% 10.5% 8.9%
$35,000 to $49,999 8.8% 13.8% 12.3%
$50,000 to $74,999 19.0% 18.2% 17.2%
$75,000 to $99,999 11.6% 12.5% 12.7%
$100,000 to $149,999 7.9% 12.7% 15.1%
$150,000 to $199,999 1.8% 4.8% 6.8%
$200,000 or more 4.2% 4.6% 7.7%

Household Income in ZIP Code 29160

See the chart below for a comparison of annual household income figures in ZIP Code 29160, South Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 29160 alongside the same figures for the state of South Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 29160

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 29160.

ZIP 29160 South Carolina U.S.
Median Housing Rent $741 $894 $1,062
Renter-Occupied Housing Units 23.5% 30.6% 36.0%
Rental Vacancy Rate 5.1% 9.2% 6.0%
Average Size of Renter-Occupied Unit 2.32 2.48 2.49
Average # of Bedrooms Per Unit 2.85 2.88 2.75
Percent of Income Spent on Rent 30.13% 29.65% 29.83%
Per Capita Income $27,570 $29,426 $34,103
Median Household Income $59,859 $73,520 $88,607
Living Below the Poverty Line 11.2% 10.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 29160

In ZIP Code 29160 (Swansea, SC), and estimated 23.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.1%.

The per capita income in 29160 is estimated at $27,570, which goes along with an estimated median household income of $59,859. About 11.2% of residents in this Lexington County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.32 occupants, while the units have an aggregate average size of 2.85 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.13% of their income on housing rental costs.

Rental FAQs for ZIP Code 29160

1

What is the median monthly rent in ZIP Code 29160?

Median rent for housing in ZIP Code 29160 in Lexington County in South Carolina is approximately $741 per month.
2

Is it expensive to rent in ZIP Code 29160?

Rent in ZIP Code 29160 is lower than average in the state of South Carolina overall. The median monthly rent of $741 in ZIP Code 29160 is approximately 17% lower than the South Carolina median of $894. Additionally, median rent in this Swansea, SC region ($741) is about 30% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 29160?

High-priced rentals are not common in the Swansea, SC ZIP Code of 29160, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of South Carolina overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 29160?

Affordable rentals are more common in ZIP Code 29160 than in South Carolina overall. The percentage of housing rentals in ZIP Code 29160 costing $999 or less per month (90.5%) is approximately 47% higher than the South Carolina rate of 61.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 98% lower than the previously mentioned 29160 rate of 90.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 29160?

The most common range for rental cost in ZIP Code 29160 is between $500 and $999 per month. About 81.6% of renters in 29160 pay in this range for monthly rent. In comparison, approximately 50.5% of renters in the state of South Carolina fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 29160 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 29160 is lower than the rental vacancy rate in the state of South Carolina overall. Rental vacancy of 5.1% in ZIP Code 29160 is about 45% lower than the South Carolina rate of 9.2%. Looking more broadly, rental vacancy in this Swansea, SC region (5.1%) is an estimated 15% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 29160? How does it compare to other South Carolina regions?

Median household income in ZIP Code 29160 is lower than in the state of South Carolina overall. Annual household income of $40,943 in ZIP Code 29160 is about 23% lower than the South Carolina median of $53,199. Additionally, median household income in this Swansea, SC region ($40,943) is approximately 35% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 29160 spend on housing costs?

Renters in ZIP Code 29160 spend a higher amount of their income on rent costs than do renters in South Carolina overall. Renters in ZIP Code 29160 spend an estimated 30.13% of their income on rent payments, which is about 2% higher than the overall South Carolina estimated rate of 29.65%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 1% lower than the ZIP Code 29160 estimated rate of 30.13%.
9

Do renters in ZIP Code 29160 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 29160 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 29160 spending 30 percent or more of their income on rent costs (55.3%) is approximately 13% higher than the South Carolina rate of 49.1% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 11% lower than the aforementioned 29160 rate of 55.3%.
10

What is the average household size of renter-occupied units in ZIP Code 29160?

The average household size of renter-occupied units in ZIP Code 29160 is lower than in the state of South Carolina overall. Annual household size of 2.32 in ZIP Code 29160 is about 6% lower than the South Carolina median of 2.48. Additionally, median household size in this Swansea, SC region (2.32) is approximately 7% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Carolina ZIP Codes